BusinessBusiness RecoveryAmerican Airlines nears chapter 11

American Airlines nears chapter 11

American Airlines is this morning reported to be close to filing for chapter 11 bankruptcy protection as the company's losses mount.

Other storiesUS companies clueless on global standards

Union officials in the US are reported to be expecting American Airlines to file anytime as a result of the estimated $5m (£3.1m) a day losses.

The Times reports this morning that American has begun negotiating a refinancing package on Wall Street should it go into chapter 11.

Related Articles

EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

4m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

5m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

7m Alia Shoaib, Reporter
Manor Racing Formula One team company enters administration

Business Recovery Manor Racing Formula One team company enters administration

10m Stephanie Wix, Writer
Oil and gas sector insolvencies hit “new high”

Accounting Firms Oil and gas sector insolvencies hit “new high”

10m Stephanie Wix, Writer
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

9m Emma Smith, Managing Editor
Business confidence drops to second lowest level since 2011

Business Recovery Business confidence drops to second lowest level since 2011

10m Stephanie Wix, Writer